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Segment Information (Tables) | 3 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Information About the Company's Segments | The following table sets forth information about the Company's segments, including a reconciliation of adjusted EBITDA to net income.
|  |  |  | Three Months Ended December 31,
|  |  |  |  |  | 2024 |  | 2023
Sales: |  |  |  |  |  |
Memorialization |  |  |  |  |  | $ | 190,486 |  |  | $ | 208,071 |
Industrial Technologies |  |  |  |  |  | 80,533 |  |  | 111,374 |
SGK Brand Solutions |  |  |  |  |  | 130,823 |  |  | 130,541 |
Consolidated Sales |  |  |  |  |  | $ | 401,842 |  |  | $ | 449,986 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Memorialization |  |  |  |  |  | $ | 36,612 |  |  | $ | 36,700 |
Industrial Technologies |  |  |  |  |  | 1,832 |  |  | 9,622 |
SGK Brand Solutions |  |  |  |  |  | 12,292 |  |  | 12,893 |
Corporate and Non-Operating |  |  |  |  |  | (10,713) |  |  | (13,733) |
Total Adjusted EBITDA |  |  |  |  |  | $ | 40,023 |  |  | $ | 45,482 |
Acquisition and divestiture related items (1)** |  |  |  |  |  | (577) |  |  | (1,237) |
Strategic initiatives and other items (2)**† |  |  |  |  |  | (615) |  |  | (5,920) |
Highly inflationary accounting losses (primarily non-cash) (3) |  |  |  |  |  | (191) |  |  | (320) |
Stock-based compensation |  |  |  |  |  | (4,979) |  |  | (4,651) |
Non-service pension and postretirement expense (4) |  |  |  |  |  | (133) |  |  | (109) |
Depreciation and amortization * |  |  |  |  |  | (22,504) |  |  | (23,523) |
Interest expense, including RPA and factoring financing fees (5) |  |  |  |  |  | (16,854) |  |  | (12,751) |
Loss before income taxes |  |  |  |  |  | (5,830) |  |  | (3,029) |
Income tax benefit |  |  |  |  |  | 2,358 |  |  | 726 |
Net loss |  |  |  |  |  | $ | (3,472) |  |  | $ | (2,303) |
(1) Includes certain non-recurring items associated with recent acquisition and divestiture activities.
(2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts. Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $6,867 and $2,370 for the three months ended December 31, 2024 and 2023, respectively (see Note 16, "Legal Matter"). Fiscal 2025 includes $8,702 of net gains on the sales of certain significant property and other assets. Fiscal 2025 also includes loss recoveries totaling $1,170 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015.
(3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries (see Note 2, "Basis of Presentation").
(4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.
(5) Includes fees for receivables sold under the RPA and factoring arrangements totaling $1,172 and $1,175 for the three months ended December 31, 2024 and 2023, respectively.
* Depreciation and amortization was $7,202 and $6,413 for the Memorialization segment, $5,674 and $6,377 for the Industrial Technologies segment, $8,860 and $9,572 for the SGK Brand Solutions segment, and $768 and $1,161 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. ** Acquisition costs, ERP system integration costs, and strategic initiatives and other items were $1,303 and $60 for the Memorialization segment, $4,119 and $5,367 for the Industrial Technologies segment, $714 and $863 for the SGK Brand Solutions segment, and income of $4,944 and charges of $867 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. Note 13. Segment Information (continued) † Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee terminations) totaling $313 and $1,961 for the three months ended December 31, 2024 and 2023, respectively. Fiscal 2025 amounts totaling charges of $601 and income of $288 for the three months ended December 31, 2024 were presented in cost of sales and administrative expense, respectively. Fiscal 2024 amounts totaling charges of $1,902, income of $256 and charges of $315 for the three months ended December 31, 2023 were presented in cost of sales, selling expense, and administrative expense, respectively. Accrued severance and other termination benefits totaled $23,637 and $42,245 as of December 31, 2024 and September 30, 2024, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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